Retinal Vein Occlusion Market to Touch USD 15, 889.59 Million at 11.2% CAGR by 2023 | Global Analysis, Trends, Demand, Covid19 Impact and Outlook

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Retinal Vein Occlusion Market Analysis 

The global vein occlusion market is anticipated to touch USD 15,889.59 million at an 11.2%CAGR between 2017- 2023, as per the recent analysis by Market Research Future (MRFR). Retinal vein occlusion, simply put, is a blockage in the retinal vein resulting from a blood clot. This is the second most common reason causing visual impairment worldwide. Blood clot leads to blockage in the vein that begins draining blood from the retina, causing bleeding and swelling, thus impacting the person’s vision.  

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Various factors are propelling the global vein occlusion market growth. According to the new MRFR analysis, such factors include upcoming novel treatments, technological advances, improved healthcare infrastructure, surging awareness about eye disorders, rise in geriatric population, and rising cases of eye diseases such as multiple myeloma, lymphoma, and glaucoma, change in lifestyle, and increasing cases of diabetes. 

On the flip side, side effects related to the treatment and high treatment cost are factors that may limit the global vein occlusion market growth over the forecast period. Besides, the grave effect of the ongoing COVID-19 pandemic is also impacting the market growth. 

Retinal Vein Occlusion Market Segmentation

The MRFR report offers an inclusive segmental analysis of the global vein occlusion market based on type, condition, diagnosis, treatment, and end user. 

By type, the global vein occlusion market is segmented into central retinal vein occlusion and branch retinal artery occlusion. Of these, branch retinal artery occlusion will command the largest share in the market over the forecast period. 

By condition, the global vein occlusion market is segmented into ischemic and non-ischemic. Of these, the non-ischemic segment will lead the market over the forecast period. 

By diagnosis, the global vein occlusion market is segmented into fluorescein angiography, fundoscopic examination, optical coherence tomography, and others. Of these, the optical coherence tomography will dominate the market over the forecast period. 

By treatment, the global vein occlusion market is segmented into laser retinal photocoagulation, corticosteroid drugs, anti-vascular endothelial growth factor, and others. Of these, the anti-vascular endothelial growth factor will have a major share in the market over the forecast period. 

By end user, the global vein occlusion market is segmented into research and academics centers, hospitals & clinics, and others. Among these, hospitals and clinics will spearhead the market over the forecast period. 

Retinal Vein Occlusion Market Regional Analysis

Based on the region, the global vein occlusion market report covers the growth opportunities and recent trends across the Americas, Europe, the Asia Pacific, & the Middle East and Africa (MEA). Among these, the Americas will lead the market over the forecast period. Rising prevalence of diseases like multiple myeloma, lymphoma, and glaucoma, coupled with the increasing cases of diabetes, is adding to the global vein occlusion market growth in the region. 

The global vein occlusion market in Europe is predicted to hold the second-largest share over the forecast period. High healthcare spending, coupled with the presence of massive geriatric population, is adding to the global vein occlusion market growth in the region. Germany has the utmost share in the region. 

The vein occlusion market in the APAC region is predicted to grow at a fast pace over the forecast period. Ample opportunities for the market to develop and the presence of a huge diabetes patient population are adding to the global vein occlusion market growth in the region. 

The global vein occlusion market in the MEA is predicted to have sound growth over the forecast period for the presence of a developed healthcare sector. 

Retinal minent key players profiled in the global retinal vein occlusion market report include ZEISS, Topcon Medical Systems, Inc., Quantel Medical Inc., F. Hoffmann-La Roche AG, Regeneron Pharmaceuticals, NIDEK CO., LTD, Novartis AG, Lumenis, IRIDEX Corporation, GlaxoSmithKline PLC, Ellex Medical Lasers Ltd, Bristol-Myers Squibb, and Allergan PLC, Bayer.

Retinal Vein Occlusion Market Studied by Top Key Players

Eminent key players profiled in the global retinal vein occlusion market report include ZEISS, Topcon Medical Systems, Inc., Quantel Medical Inc., F. Hoffmann-La Roche AG, Regeneron Pharmaceuticals, NIDEK CO., LTD, Novartis AG, Lumenis, IRIDEX Corporation, GlaxoSmithKline PLC, Ellex Medical Lasers Ltd, Bristol-Myers Squibb, and Allergan PLC, Bayer. 

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NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

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